# 5508  Grove Ave, Richmond, VA 23226

> **TL;DR:** multi-family, $1,195,000, built 1938.
> Fireplace. Est. $6,392/mo. Listed 13 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,195,000 |
| Year Built | 1938 |
| Lot Size | 6,364 sqft (0.15 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Multi Family) |
| Status | For Sale |
| Days on Market | 13 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,043 |
| Estimated Insurance | $349 |
| **Total** | **$6,392** |

## Nearby Schools

- **Elementary:** Munford
- **Middle:** Albert Hill
- **High:** Thomas Jefferson

## Key Amenities

- Fireplace

## Property Highlights

- Built in 1938
- 0.15 acre lot
- 2 stories
- Fireplace

## Description

### Agent Description
5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovated inside & out and is a wonderful opportunity to own a high-end, income-producing investment.  Live on one floor & rent out the other space, or rent both units. Total income for both units $6,500 per month. The lower unit is currently occupied until mid-January.  Unit 1# (first floor): 2 bedrooms, 2.5 baths, entry fronts Seneca Road. The open-concept living room and kitchen has wood-burning fireplace, crown molding, hardwood floors. Kitchen has large island with counter seating, granite and quartz counters. Renovated full baths and an added half bath. Larger bedroom has walk-in closet, stack washer/dryer, large bathroom. 2nd bedroom has built-in Murphy bed & attached full bath. Side porch, access to fenced back yard & patio. Currently rents for $3,500 per month.  Unit #2: (second floor) 2 bedrooms, 1.5 baths, entry fronts Grove, wood-burning fireplace, open-concept living/kitchen area (with fireplace).   Large eat-in kitchen with center island, gas cooking, refrigerator, dishwasher, beverage refrigerator.  2 bedrooms, both equipped with built-in Murphy beds. California closets. Shared full bath between bedrooms, & half bath. New hot water heater. Stack washer/dryer. Side balcony overlooking Seneca. Typically rents for $3,000 per month.  Overall property enhancements include:new rear patio, privacy fencing, new landscaping, new custom storm doors/front doors per unit, new irrigation system, insulated replacement windows, California closets, separate utility metering for each unit, off-street parking added, new brick walkways at front & side of property, dehumidifier in crawlspace, designer lighting in both units, plantation shutters added, hardwood floors refinished, interior/exterior painted. Interiors have new baths, kitchens and have been renovated fully with newer HVAC, newer half baths, hot water heaters. Very unique opportunity!

## Location

- **Address:** 5508  Grove Ave, Richmond, VA 23226
- **County:** Richmond City
- **Neighborhood:** Glenburnie

## Listing Agent

- **Name:** Eliza Branch
- **Brokerage:** Grove
- **Phone:** 8885360216

## Primary Photo

![5508  Grove Ave - Primary Photo](http://lh.rdcpix.com/5684aebd555d1ae5bfcc389bfb191b0cl-f3675719909r.jpg)

*75 total photos available on [listing page](https://www.propertysimple.ai/listing/5508-grove-ave-richmond-va-23226-2616583)*

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**MLS#:** 2616583 | **Updated:** 2026-08-03
**Source:** listhub

*Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/5508-grove-ave-richmond-va-23226-2616583)

---

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